Introduction

Organisations often design business strategies with great potential, but around 70% of them fail to achieve the success they predicted and hoped for. This is because 90% of a winning strategy is in the execution; truly great companies know that successful strategy execution has two basic rules:

Use a performance management system to link strategy and operations

Understand and use the right tools at each stage of this framework

This leading-edge GLOMACS training course explains:

The important steps in designing and executing winning business strategies

How to develop an effective performance management systems

How to translate strategy in to key objectives to manage execution

The role of outstanding leadership in building great companies

Techniques for improving operational efficiency, including Six Sigma and TQM

How good companies can use these principles to become great

Objectives

The objectives of this GLOMACS training seminar are to enable delegates to:

Develop strategic thinking, understand and participate in the strategic management process; to develop their company’s vision, mission and values and carry out strategic analysis

Understand and use strategic mapping to convert strategy in to SMART objectives as the basis for powerful operational plans and budgets

Understand and manage the drivers of shareholder value: return on investment and profit margin

Understand and manage the five key-stages of the performance management cycle; plan and assist in the implementation of management systems for their own organisation

Understand and apply the principles of outstanding leadership

Understand and use the most powerful tools of 21st century performance management including: balanced scorecard, strategy maps, activity based costing and budgeting, KPI’s and dashboards

Develop and use powerful ‘what-if’ forecasts based on key business drivers

Recognise the key factors that allow good companies to ascend to greatness

Training Methodology

This GLOMACS Business Performance Management training seminar entitled 'Good to Great' is in a highly participative workshop format with formal presentations, case studies and interactive worked examples. Relevant examples and case studies are provided to illustrate the application of each of the topics covered. Each learning point is reinforced with practical examples and exercises.

Organisational Impact

The organisation will gain through:

Managers using strategic thinking in planning operational management

Increased awareness of business performance management

Adopting a strategic forward looking approach in the Finance function

Knowledge and application of up to date performance management tools

Knowledge and application of ‘what-if’ forecasts in strategic decision making

Improved decision-making by delegates

More effective and productive internal management meetings

Bottom line impact on profit and cash by applying ‘good to great’ principles

Personal Impact

Delegates will learn to take a strategic approach to managing and decision-making. This GLOMACS Business Performance Management training course is particularly valuable for finance professionals who would like to move ‘out of the back-room and in to the boardroom’ by being more involved in high level decision-making, changing and improving the focus of the management systems to add value to the development and execution of winning business strategies.

Delegates will learn to understand and use these powerful modern strategic management tools:

VAT Announcement: The Government of UAE have introduced Value Added Tax (VAT) on goods and services from 01-January-2018. In compliance with the legislation issued by the UAE Government, we will be applying a 5% VAT on the fees for all our programs and services offered from January 2018 as applicable and stipulated in the FTA circulars.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

Good to Great

Managing and Improving Business Performance

Upcoming Dates

Code

Date

Venue

Fees

MG132

26 - 30 Nov 2018

Amsterdam - The Netherlands

$5,500

MG132

15 - 19 Jul 2019

Barcelona - Spain

$5,950

MG132

25 - 29 Nov 2019

Amsterdam - The Netherlands

$5,950

Introduction

Organisations often design business strategies with great potential, but around 70% of them fail to achieve the success they predicted and hoped for. This is because 90% of a winning strategy is in the execution; truly great companies know that successful strategy execution has two basic rules:

Use a performance management system to link strategy and operations

Understand and use the right tools at each stage of this framework

This leading-edge GLOMACS training course explains:

The important steps in designing and executing winning business strategies

How to develop an effective performance management systems

How to translate strategy in to key objectives to manage execution

The role of outstanding leadership in building great companies

Techniques for improving operational efficiency, including Six Sigma and TQM

How good companies can use these principles to become great

Objectives

The objectives of this GLOMACS training seminar are to enable delegates to:

Develop strategic thinking, understand and participate in the strategic management process; to develop their company’s vision, mission and values and carry out strategic analysis

Understand and use strategic mapping to convert strategy in to SMART objectives as the basis for powerful operational plans and budgets

Understand and manage the drivers of shareholder value: return on investment and profit margin

Understand and manage the five key-stages of the performance management cycle; plan and assist in the implementation of management systems for their own organisation

Understand and apply the principles of outstanding leadership

Understand and use the most powerful tools of 21st century performance management including: balanced scorecard, strategy maps, activity based costing and budgeting, KPI’s and dashboards

Develop and use powerful ‘what-if’ forecasts based on key business drivers

Recognise the key factors that allow good companies to ascend to greatness

Training Methodology

This GLOMACS Business Performance Management training seminar entitled 'Good to Great' is in a highly participative workshop format with formal presentations, case studies and interactive worked examples. Relevant examples and case studies are provided to illustrate the application of each of the topics covered. Each learning point is reinforced with practical examples and exercises.

Organisational Impact

The organisation will gain through:

Managers using strategic thinking in planning operational management

Increased awareness of business performance management

Adopting a strategic forward looking approach in the Finance function

Knowledge and application of up to date performance management tools

Knowledge and application of ‘what-if’ forecasts in strategic decision making

Improved decision-making by delegates

More effective and productive internal management meetings

Bottom line impact on profit and cash by applying ‘good to great’ principles

Personal Impact

Delegates will learn to take a strategic approach to managing and decision-making. This GLOMACS Business Performance Management training course is particularly valuable for finance professionals who would like to move ‘out of the back-room and in to the boardroom’ by being more involved in high level decision-making, changing and improving the focus of the management systems to add value to the development and execution of winning business strategies.

Delegates will learn to understand and use these powerful modern strategic management tools:

DAY 3

Planning Operations

Converting Strategic Objectives in to Operational Objectives For Budgets

Practical Tips on Identifying Key Success Factors (KSF’s)

Developing Key Performance Indicators (KPI’s)

Using Balanced Scorecard to Identify Areas For Business Process Improvement

Improving Operational Efficiency: Six Sigma

Improving Operational Efficiency: Total Quality Management (TQM)

Improving Operational Efficiency: Lean Processes in Toyota

Calculating Resource Capacity Requirements

Implementing and Preparing Budgets

Understanding and Managing The Drivers of Return on Investment: Profit and Asset Utilisation

Understanding Risk and How it Affects Business Performance

Case Study and Exercise: What can we learn from Lean in Toyota?

DAY 4

Improving Business Performance - Monitoring and Learning

Designing and Implementing an Effective Budgetary Control System

Understanding the Behavioural and Motivational Aspects of Budgeting

Responsibility Accounting, Variance Analysis and Reporting Systems

Using Balanced Scorecard to Monitor, Manage and Improve Performance

Understanding Your Business Model: Activity based Cost Analysis

Strategic Decision Making: Product and Customer Profitability

Strategic Approach to Cost Reduction

Managing Effective Meetings: Who – Why – When - What

Case Study and Exercise: Designing and Using Dashboards to Present Key Business Metrics

DAY 5

Good to Great – Testing and Adapting Your Strategy

Criticisms of Traditional Budgeting and Management Methods

Beyond Budgeting: Adaptive Management Processes

Traditional Forecasting Methods

Identifying your Key Business Drivers

Understanding Risk and How It Affects Business Performance

Using Sensitivity Testing to Assess The Impact of Risk on Decision-making

Using Key Business Drivers For ‘what-if’ Forecasts to Model and Test Strategy

Identifying and Examining Emerging Strategies

Using Business Information to Update Strategic Analysis and Strategy

Why do good companies fail?

Understanding and Dealing with Disruptive Innovation

How do companies go from good to great?

Exercise: How can your organisation go from good to great?

GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.

The training has been so educative and insightful. This is my first time of attending Glomacs training and I am really impressed about the thoroughness and attention to details. The course was really educative, and quality of content was great. The training was well organised and structured. I'll recommend Glomacs again and again.